#116: Weekly Concept: Global manufacturing
Description
If you work across time zones, borders and cultures, this is the show for you. In the Weekly Concept series, Leonardo aims at defining a topic in international business. These are shorter episodes to illustrate key concepts in this discipline.
Today, we talk about global manufacturing.
Global manufacturing involves companies evaluating diverse political, cultural, and technological factors when selecting production locations. Key challenges include balancing in-house production with outsourcing and deciding on centralization versus decentralization.
The sector is transforming through smart factories that leverage IoT, AI, and automation for enhanced efficiency. By 2030, sustainability will become crucial, with manufacturers focusing on eco-friendly practices to meet consumer demands. Geopolitical factors also impact supply chains, making resilience strategies like nearshoring increasingly important.
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